Nissan, Honda announce plans for merger

NEW YORK, Dec. 23 (Xinhua) -- Nissan and Honda have announced plans to merge by 2026 in a seismic shift for the Japanese auto industry, after signing a memorandum of understanding that allows them to continue discussions about integration via a joint holding company, USA Today on Monday cited the companies' announcement.

If Nissan and Honda are to integrate, they could become the third-largest auto group in the